Petroteq Energy Inc. (PQEFF)

Investigation 

Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Petroteq Energy Inc. ("Petroteq” or "the Company") (OTCMKT: PQEFF). The investigation concerns whether Petroteq and certain of its officers and/or directors have violated federal securities laws.

 

On July 16, 2021, post-market, Petroteq issued a press release entitled “Petroteq Announces Expected Late Filing of Financial Statements and Application for Management Cease Trade Order; Cautions Against Reliance on Certain Previously-Issued Financial Statements”.  The press release disclosed, among other things, that certain previously-issued financial statements for periods in 2018 through 2021 should no longer be relied upon; that the Company intends to file restatements for the periods at issue; and that “[t]he Company will be unable to file its quarterly report on Form 10-Q (and related certifications) for the period ended May 31, 2021 . . . until it has completed the planned restatements . . . , which is anticipated to take several weeks—well beyond the extended filing deadline of July 20, 2021.”  On this news, Petroteq’s stock price fell sharply during intraday trading on July 19, 2021.

 

If you are aware of any facts relating to this investigation, or purchased Petroteq shares, you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484. 

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique.  Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients.  In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.